HLAS

New developments in innovative technologies to remove greenhouse gases from the atmosphere will be taken forward by new government-backed projects across the UK – helping to create new green jobs and putting the UK at the forefront of this new industry. The UK government announced last week that a total of 15 projects across the UK, from Edinburgh to Exeter, Swindon to Sheffield, will benefit from a share of over £54 million to develop technologies that remove carbon emissions from the atmosphere.  This government support will encourage further private investment into the UK, the creation of new green jobs in [...]

Innovate UK is offering small and micro businesses a share of up to £30 million in grants alongside tailored business support delivered by Innovate UK EDGE. You can apply for up to £50,000 for highly innovative ideas that have a clear route to commercialisation through business growth. Your project must lead to new products, processes or services that are significantly ahead of others currently available, or propose an innovative use of existing products, processes or services. It can also involve a new or innovative business model. In your application, you must be able to show that you: Have a great idea. [...]

Thousands of claimants are yet to renew their tax credits ahead of the deadline, with HMRC reminding them to do so by 31 July or their payments will stop. Tax credits help working families with targeted financial support, so claimants must renew before the deadline to ensure they don’t miss out on the money they are entitled to. Renewing online is the best option, and you can log into GOV.UK to check the status of your renewal. See: Manage your tax credits - GOV.UK (www.gov.uk)

The VAT rules are becoming increasingly complex and businesses need to ensure that the correct rate is applied to the goods and services they supply. HMRC have recently updated their guidance on VAT rates. It provides a list of goods and services which you can check to determine which rates of VAT apply and which items are exempt or outside the scope of VAT: VAT rates on different goods and services - GOV.UK (www.gov.uk) The guide is not a comprehensive list, and you may need to check the appropriate VAT Notices that deal with certain supplies in more detail. We [...]

In the increasingly competitive job market, it is important for employers to attract and retain talented people to help them grow their business. More and more key staff would like the opportunity to participate in the equity of the organisation that they work for and employers that do not offer such opportunities will be at a disadvantage when looking to retain and recruit. In the case of companies, there are currently four HMRC ‘tax-advantaged’ schemes that provide employees and employers with income tax and National Insurance (NIC) advantages. These used to be referred to as “HMRC approved” schemes but HMRC, [...]

We were finally getting over the financial crisis when Covid struck. Then, in the trough of the worst economic downturn in 300 years, we discovered that recovery was driving the Financial Times Stock Exchange (FTSE) to new heights and the job market into a frenzy. In the wake of that, it became clear that the recovery was overheating and that we were facing a period of rising inflation and industrial action. Russia’s war in Ukraine made things worse. It has not only meant human suffering, but it has also affected the entire global economy, driving up the cost of food and [...]

Last week, the Sustainable Farming Incentive opened for applications in England. The scheme is available to all farmers who currently receive Basic Payment Scheme (BPS) payments. It is designed to be accessible and will reward sustainable practices which support food production and benefit the environment. The Sustainable Farming Incentive is the first of three new environmental land management schemes being introduced under the Agricultural Transition Plan, the UK’s new system of farming now that we are outside the EU. The schemes will ensure long-term food security by investing in the foundations of food production: healthy soil, water, and biodiverse ecosystems. The Department [...]

The Customs Handling Import and Export Freight (CHIEF) will be closing for all import declarations on 30 September 2022. The system has now stopped accepting new registration requests from importers. Instead, they will need to register with the Customs Declaration Service to make their import declarations. The UK Government states that the Customs Declaration Service represents a significant upgrade by providing businesses with a more user-friendly, streamlined system that offers greater functionality. This marks the first step toward the government’s vision of a Single Trade Window, which will have considerable benefits for businesses through reduced form-filling, better data use across [...]

Businesses can now apply for a chance to exhibit for free at Made Smarter Innovation Alley, part of Smart Factory Expo. It is taking place during the Digital Manufacturing Week in Liverpool from 16 to 17 November 2022. Innovation Alley provides a space for innovators to showcase new and developing technologies that will change the landscape of UK manufacturing over the next five to ten years. Fully or partly funded stands at Innovation Alley are available to businesses through the support of Made Smarter, Innovate UK and Knowledge Transfer Network. To be eligible, businesses must be: Less than five years [...]

Ground-breaking ideas can come from anyone and everyone. Innovate UK are on the hunt for innovators who could benefit from a business-boosting support package,   including £5,000 and advice designed to evolve your idea into a great business. The Young Innovators Awards 2022/23 will be open until 27th July 2022. Up to 100 winning young entrepreneurs will be supported for 12 months. It’s all part of Innovate UK’s commitment to changing the world by investing in young people with big environmental, societal, and economic ambitions. The award is open to everyone from 18 to 30, with any kind of idea from anywhere in the UK. See: Calling [...]